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Affordable
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These days, finding an affordable place to live in the University Park area can be challenging. Home prices in University Park are now at a median cost of $180,346, lower than the Illinois average of $300,242.
The average cost of rent is $1,827/mo in University Park, primarily driven by the current value of real estate in the University Park area. In University Park, 33.26% of households rent, and 42.38% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in University Park is $6,900 per month. Households that rent pay about 26.48% of their income on rent here. University Park’s most expensive areas are in the southwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Park Forest, IL: less expensive homes
- Steger, IL: less expensive homes
- Richton Park, IL: higher priced homes
- South Chicago Heights, IL: less expensive homes
- Crete, IL: higher priced homes
- Monee, IL: higher priced homes
- Goodenow, IL: higher priced homes
- Olympia Fields, IL: higher priced homes
- Chicago Heights, IL: less expensive homes
- Matteson, IL: higher priced homes
Cities with Similar Populations
- Wilmington Manor, DE: higher priced homes
- Grant, MI: equally priced homes
- Grass Lake, MI: higher priced homes
- Grayling, MI: less expensive homes
- Great Barrington, MA: higher priced homes
- Green Knoll, NJ: higher priced homes
- Greensburg, KY: less expensive homes
- Winfield, MO: higher priced homes
- Windber, PA: less expensive homes
- Winchester, IN: less expensive homes
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